Berlin, July 4, 2018 – Greenberg Traurig advised Frasers Property Europe (FPE) on the acquisition of four logistics facilities in Saarland and Baden-Wurttemberg, Germany, by way of an asset deal. The portfolio was sold by five indirect subsidiaries of SEGRO European Logistics Partnership S.à r.l. The parties have agreed to keep the purchase price confidential.
The four properties comprise over 85,000 square meters of rental space and are fully leased to international logistics companies. The transaction reflects FPE’s further expansion of its European logistics and light industrial portfolio in Germany.
Greenberg Traurig advised FPE on all legal and tax aspects of the transaction.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.